- Baird analyst Jeffrey Meuler initiated coverage of Spire Global Inc SPIR with a Neutral rating and price target of $12, implying an upside of 7.05%.
- Meuler states that Spire is among early movers in the "potentially very large and attractive" space-based data and analytics sector.
- The analyst believes Spire Global will likely be among long-term winners in a "large and attractive market," but he thinks a "wait and see approach" on the shares is warranted given recent trends and its reduced outlook.
- Price Action: SPIR shares closed higher by 5% at $11.22 on Wednesday.
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